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Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent - Politics (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent (25419 Views)

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Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by wirinet(m): 8:39am On May 21, 2016
frenchwine:

Just listen to urself, did the last administration give them dollars? The right economic policies would liberalize the forex market and we'd move in the right direction. When you support a dullard, you become worse than a dullard

Did you just immigrate from Alaska? So you were not aware that under the previous administrations, the CBN auctioned dollars to Nigerians through their banks in bi-weekly auctions.
Stop speaking without saying anything, which economic policies would liberalize the forex market? The simple truth is the government does not have dollars to sell anymore. You also can earn dollars whichever way you can (don't engage in yahoo yahoo) and sell to marketers. they would appreciate it.

1 Like 1 Share

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by peaceuntous: 8:44am On May 21, 2016
gidjah:
yea yea my luv, they really are the dumbest teams of experts.NO ECONOMIC TEAM, no brain storming, no listening to professional advice from experts, this our aboki get ego problems, he seem to have issues with trust,, his trusted aboki aids wont be able to give him sound economic advice, hence the rest southern guys around him, he cant seem to trust, .He should have known that once this dollar get scacrced ,the fuel price will still go up, but they were so dumb to think that the price will remain fixed.ONE CHANCE GOVT . though I voted this govt in, I wont regret at all, I still stand with my grand UNCLE P M B!!

Weldone for ur sincerity. U exercised ur right to vote. U stand with ur conscience and believe u did d right thing.

YET, U ARE VERY OBJECTIVE. AND U SEE D MISTAKES OF APC.
I WISH EVERY NIGERIAN IS LIKE U. SEE THINGS OBJECTIVELY. CALL EVIL EVIL.
IF PEOPLE WILL BEGIN TO THINK OBJECTIVELY, AND NOT TRIBALLY, THEN NIGERIA MAY STILL HAVE HOPE.

I AM NOT FOR BUHARI. I AM NOT FOR GEJ. I AM FOR NIGERIA.

I WILL CRITICISE BUHARI FOR HIS EVILS. I WILL CRITICISE GEJ FOR HIS EVILS
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Nobody: 8:48am On May 21, 2016
"We do not want to come back to you to ask for foreign exchange differentials which issue we still have pending from previous transactions," he said.

This is fraud and corruption right there. Buhari must hear this.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 9:17am On May 21, 2016
SycophanticGoat:


LoL! Agwara'm gi na imaghi'm iche na'm na atu asi.. I'm just a random poster on here oh... smiley

But how did u know I am related to chinenye?

Well, one of these days, I must know who u are.

1 Like 1 Share

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by George120: 9:54am On May 21, 2016
God bless Nigeria...I believed every thing will be alright soon..God is control
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by intergral(m): 10:02am On May 21, 2016
Pavarottii:

If they buy at 320, u still expect them to sell below 145?
thats the deal.... Thats why that have been bribing NLC and NANS to embark on strike for thier greedy need...... God is forever awake.....
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Pavarottii(m): 10:28am On May 21, 2016
intergral:
thats the deal.... Thats why that have been bribing NLC and NANS to embark on strike for thier greedy need...... God is forever awake.....
Do u understand my question at all. Wat if after buying at 320, they av to sell above 145 to make their money?
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by stevecantrell: 10:31am On May 21, 2016
AceRoyal:
Hahahahahahaahahahahahaahahahahahaha grin
Just when you think it can't get any worse,this government pulls off another negative stunt angry tongue

Who would they blame this time

Im just numb at this govt....

1 Like

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Xano(m): 11:02am On May 21, 2016
Interesting.

It appears the new #145 is as the old #86.50 per litre; where NNPC sells at official price, while other petrol filling stations sell above the official price.

With challenges of FOREX to continue if polices don't change, NNPC petrol filling stations will sell at #145, while others will sell above. Maybe #150 to #200 or more.

This PMB administration is 'funny', making mockery of intellectuals living in and outside of the country.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 12:16pm On May 21, 2016
chigoizie7:


But how did u know I am related to chinenye?

Well, one of these days, I must know who u are.

Lmao! My guy, I just thought of a name and choose it.. Wanted to say Nneka but decided to go with Chinenye. My intention was to mention a name that'd represent your past gf and love life that made you abandon UK, didn't know it'll end up being your sister's name... cheesy
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SirREX94: 12:35pm On May 21, 2016
ok na, one idi.ot would still shout Sai Buhari. The thunder wey go strike some people dey load from daura [/quote]As in, 99% loading..................
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by stanech: 12:39pm On May 21, 2016
Eluwilussit:


It is called preamble!. grin grin grin

Then We are in deep shiiit.

2 Likes 1 Share

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by babestella: 12:56pm On May 21, 2016
I no tell you, they took advantage of this price hike and brought out all the fuel they refused to sell, they have made double gain.

Now that they have exhausted their tanks, the chicken has come home to roost, forex is scarce.

Nigerians should brace up for longer queues is care is not taken. They stopped FX for reasons best know to them, but it has all come to bite us from our behind.

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Eluwilussit(m): 2:09pm On May 21, 2016
stanech:


Then We are in deep shiiit.

Oh oh! So u no know before? Unfortunately, we
allowed ourselves to be convinced that Buhari is an alternative to Jonathan. Jonathan wasn't good enough but he could have been replaced with someone who is conversant with modern day economics and governance. Today's leaders ain't importing no grass from Brazil to feed their cattle somewhere in Africa.

Buhari's ideas are outdated. That's if he has any ideas at all, beside fighting corruption. cry cry. We are in deeper shit than we realized. I pray God will help the president.

1 Like

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by Nobody: 3:00pm On May 21, 2016
vivaciousvivi:
When will we have a lasting solution to all these endless problems?
So long as dollar remains scarce at the parallel market, or fluctuates drastically then the so called N145 /litre is not feasible. At this point, maybe we should back the NLC o

But u were one of those who were making noise that dullardic buhari is Jesus Christ d messaiah. Abi
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 6:31pm On May 21, 2016
SycophanticGoat:


Lmao! My guy, I just thought of a name and choose it.. Wanted to say Nneka but decided to go with Chinenye. My intention was to mention a name that'd represent your past gf and love life that made you abandon UK, didn't know it'll end up being your sister's name... cheesy


Seriously, u are an arseholé.

Lolz, u caught me on that. Well, I didn't abandon it because of anyone, I abandoned it because I was scared, u know the tales of cold and all that, just subtract 12years from my current age den u will understand my fears, my sis was the one that brought up the idea of leaving naija in d 1st place to our papa, she was strong, but I chickened out.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 6:40pm On May 21, 2016
chigoizie7:



Seriously, u are an arseholé

Lolz, u caught me on that. Well, I didn't abandon it because of anyone, I abandoned it because I was scared, u know the tales of cold and all that, just subtract 12years from my current age den u will understand my fears, my sis was the one that brought up the idea of leaving naija in d 1st place to our papa, she was strong, but I chickened out.

The canceled part sounds insulting..

Why chicken out when it's many people's dream to experience the world outside their world? Well, it's not too late to get a Visa and ball out.. smiley
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by chigoizie7(m): 7:01pm On May 21, 2016
SycophanticGoat:


The canceled part sounds insulting..

Why chicken out when it's many people's dream to experience the world outside their world? Well, it's not too late to get a Visa and ball out.. smiley

Sorry if u think it was, I meant, the cancelled, I was just being sarcastic.


Well, @ that time, I had always think that things were that easy, I always think that I will always have so many chances.

It is not too late yet, but if I had left then, things would have normalized for me.

As for now? Even though I am catching up with naija (street wise). I don't think leaving is an option for me. I wan follow milk the economy dry to the last drop. No be only politicians waka come nah, we ma, we still follow.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by wordychap: 7:30pm On May 21, 2016
obailala:
Nigerias crude production has dropped from over 2.1 million barrels per day to less than 1.4million. There isnt even any crude to swap grin
There is crude to swap.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by wordychap: 7:30pm On May 21, 2016
obailala:
Nigerias crude production has dropped from over 2.1 million barrels per day to less than 1.4million. There isnt even any crude to swap grin
There is crude to swap.
D govt gets 0.58 of every crude production
Even at 1.4 million barrels, govt has over 800,000 barrels of crude money to self
1 barrel of crude gives approx 160 litres of fuel
250,000 barrels of crude will give us our daily 40 million litres consumption
For a swap deal, 350,000 barrels of crude will pay for our daily fuel consumption, besides d govt. still makes profit from its sales since subsidy's been removed.

1 Like

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by SycophanticGoat: 8:30pm On May 21, 2016
chigoizie7:


Sorry if u think it was, I meant, the cancelled, I was just being sarcastic.


Well, @ that time, I had always think that things were that easy, I always think that I will always have so many chances.

It is not too late yet, but if I had left then, things would have normalized for me.

As for now? Even though I am catching up with naija (street wise). I don't think leaving is an option for me. I wan follow milk the economy dry to the last drop. No be only politicians waka come nah, we ma, we still follow.

Lmao! Nigeria na cow ni? In my own case, not planing to milk anything or anyone. I just believe in decent hustle that brings in something, no matter how small. However, I'm also dreaming big.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by besttrader: 8:39pm On May 21, 2016
There goes the fraud again, the federal government sets dollar parity naira at approximately N280 for oil marketers and subsequently jacks fuel prices to N145 per litre benchmark. These marketers now wanna put the government in a tight corner where CBN still has to source FX for them at N199. So what's the yardstick for the hike in pump price?

And who are these oil marketers? Your guess is as good as mine - friends of government!

1 Like

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by 400billionman: 6:54am On May 22, 2016
Since Nigeria must import fuel.

Let them enter a bargain with China to refine crude for them and then import with Yuan.

1 Like 1 Share

Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by otokx(m): 8:35am On May 22, 2016
These marketers are biting far more than they can chew.
Re: Oil Marketers Lament Forex Scarcity, Fuel Scarcity Imminent by vivaciousvivi(f): 11:02pm On May 23, 2016
DrDauda:


But u were one of those who were making noise that dullardic buhari is Jesus Christ d messaiah. Abi
And where did I criticise Buhari in my comment
Odd that a so called "dullard" is your president.

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